Answers On Topic: charitable trust
An Trust having Form 10AC Order for registration under section 12A and 80G of the Income Tax Act, 1961 valid from Assessment years 2022-23 to A.Y-2026-27, as assessee trust had already filed Form 10AB "Application for registration or approval " for the F.Y-2025-26 dated 07.12.2025 with condonation in respect of approval u/s 12A of the Income Tax Act, 1961. Help me in understanding the procedure further to obtain the approval as of today there is no update on the same. Also, what are further implication if the approval is not granted to the assesse trust.
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Mr. X had built a temple on a piece of agricultural land belonging to himself in the year 1931/1932 and continued to run and manage the temple himself during his lifetime. After his demise, his lineal descendants have been running and maintaining the temple till date. In the year 2015 a Trust (Religious) was formed and registered under Sec 12A/12AB of the IT Act,1961. One of the conditions imposed by the Dept at the time of registration was that the land on which the temple was built should be registered in the name of the Trust. Accordingly, the land, measuring…
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If the accumulation of surplus is not shown as appropriation in Income & expenditure Account, can the benefit of 11(2) be denied. I ran a ICAI Chat GPT query, and got the following cases Gujarat State Board of School Textbooks v. ACIT (Exemptions) [2022] 139 taxmann.com 155 (ITAT Ahmedabad) ITO (E) v. Chamber of Income Tax Consultants [2020] 117 taxmann.com 321 (ITAT Mumbai) Bharat Diamond Bourse v. ADIT (Exemptions) [2021] 127 taxmann.com 54 (ITAT Mumbai) I am unable to find the cases, hene this query
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12A Registered Trust receive Donation from another 12A Registered Trust Whether donation received to Calculate for 85% for Application of Income or can be excluded for calculation.
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can they claim expenses incurred for object against income even if treated as AOP ?
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0X OR IS THERE ANY WAY TO COME OUT OF IT IF A TRUST RECEIVED DONATION PRIOR TO RECEIVING REGISTRATION U/S 80G AND 12 A . HIS TOTAL RECEIPT WAS THUS 724600, MADE EXPENDITURE EXCEPT RS 10640/ IN CHARITABLE PURPOSES WILL IT ATTRACT NECESSARILY 56(2)(x)
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Respected All Members I had a query regarding NGO Registration U/s 12AA/12AB. A NGO has applied for provisional registration U/s 12AA by filing Form 10A in the F/Y 2021-2022. The NGO has been granted provisional Registration for 3 years (upto AY 2023-2024). However, the NGO has not applied for permanent registration till date. The NGO has already started the charitable activities from the F/Y 2021-2022 and has not applied for Permanent registration within 6 months from the date of start of charitable activities. Now, what is the remedy as the time period to file the permanent registration has expired? Please…
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Sir, Is tds under section 194q applicable in case of a buyer whose income is exempt u/s 11?
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I have a charitable trust registered under 12AA Can I utilise my fund to provide food to orphanage
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12A and 80G Registration